Blackhawk Network Holdings Inc (HAWK) Short Interest Down 26.6% in February

Blackhawk Network Holdings Inc (NASDAQ:HAWK) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 2,852,853 shares, a decrease of 26.6% from the February 15th total of 3,884,836 shares. Approximately 5.2% of the shares of the company are short sold. Based on an average trading volume of 1,599,316 shares, the short-interest ratio is presently 1.8 days.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. We Are One Seven LLC bought a new position in Blackhawk Network during the 4th quarter worth $155,000. MetLife Investment Advisors LLC bought a new position in Blackhawk Network during the 4th quarter worth $877,000. Park West Asset Management LLC grew its stake in Blackhawk Network by 19.3% during the 4th quarter. Park West Asset Management LLC now owns 1,789,728 shares of the credit services provider’s stock worth $63,804,000 after buying an additional 289,728 shares during the last quarter. Tensile Capital Management LLC grew its stake in Blackhawk Network by 30.3% during the 4th quarter. Tensile Capital Management LLC now owns 1,108,754 shares of the credit services provider’s stock worth $39,527,000 after buying an additional 257,800 shares during the last quarter. Finally, Vident Investment Advisory LLC grew its stake in Blackhawk Network by 138.2% during the 4th quarter. Vident Investment Advisory LLC now owns 13,570 shares of the credit services provider’s stock worth $484,000 after buying an additional 7,872 shares during the last quarter. Hedge funds and other institutional investors own 96.25% of the company’s stock.

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Blackhawk Network (NASDAQ HAWK) opened at $44.80 on Friday. The company has a market capitalization of $2,540.00, a price-to-earnings ratio of -81.36, a P/E/G ratio of 4.59 and a beta of 0.72. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.94 and a current ratio of 0.94. Blackhawk Network has a 52 week low of $32.60 and a 52 week high of $47.00.

Blackhawk Network (NASDAQ:HAWK) last issued its quarterly earnings data on Tuesday, February 27th. The credit services provider reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.04. The firm had revenue of $423.18 million during the quarter, compared to the consensus estimate of $384.70 million. Blackhawk Network had a negative return on equity of 18.94% and a negative net margin of 6.98%. analysts anticipate that Blackhawk Network will post 0.56 earnings per share for the current year.

HAWK has been the topic of several research reports. BidaskClub lowered Blackhawk Network from a “sell” rating to a “strong sell” rating in a research report on Friday, December 22nd. First Analysis lowered Blackhawk Network from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 23rd. Zacks Investment Research lowered Blackhawk Network from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. SunTrust Banks lowered Blackhawk Network from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Craig Hallum lowered Blackhawk Network from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Thirteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.10.

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Blackhawk Network Company Profile

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.

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